Mr. Novak will report directly to JAKKS’ Chairman and CEO, Stephen
Berman. He will be responsible for overseeing all financial aspects of
the Company, including financial planning and analysis, accounting and
financial reporting, as well as managing the tax, internal audit,
treasury, and investor relations functions.

Mr. Novak brings to JAKKS more than 23 years of experience in finance,
tax and corporate development, with expertise in operations, financial
planning and strategy, and mergers and acquisitions, in addition to
financial reporting and accounting.

Until March 2018, Mr. Novak served as Chief Financial Officer of the
Ixia Business Group, a business unit of Keysight Technologies, Inc.,
which acquired Ixia, a publicly held company, in April 2017. Mr. Novak
spent 13 years at Ixia prior to the acquisition where he most recently
served as its Chief Financial Officer and managed Ixia’s worldwide
financial operations and participated in key strategic decisions,
mergers and acquisitions, and financings, as Ixia grew from a small
communications test business to a global technology company with
approximately 1,850 employees and half a billion dollars in annual
revenue.

Mr. Novak began his career at PricewaterhouseCoopers LLP, most recently
as a Manager in the Emerging Technology Group, where he served private
and publicly held clients before joining Idealab, a creator and operator
of technology businesses, where he most recently served as its Director
of Finance and Corporate Development. Mr. Novak is a Certified Public
Accountant and received his Bachelor’s Degree in Business Economics summa
cum laude from the University of California, Santa Barbara.

Stephen Berman, JAKKS’ Chairman and CEO commented: “We are excited to
welcome Brent to the team and add his extensive experience in finance
and strategic planning to JAKKS Pacific. We believe his financial
management skills and insights will serve us well as we continue to
implement our strategy of growth domestically and internationally
through diversification of our products and services, evolving from a
multinational toy maker to a global provider of consumer products, and
to help us meet the challenges faced by companies like ours within the
rapidly changing retail environment.”

About JAKKS Pacific, Inc.

JAKKS Pacific, Inc. (NASDAQ: JAKK) is a leading designer, manufacturer
and marketer of toys and consumer products sold throughout the world,
with its headquarters in Santa Monica, California. JAKKS Pacific’s
popular proprietary brands include BIG-FIGS™, XPV®, Max Tow™, Disguise®,
Moose Mountain®, Funnoodle®, Maui®, Kids Only!®; a wide range of
entertainment-inspired products featuring premier licensed properties;
and C’est Moi™, a youth skincare and make-up brand. Through JAKKS Cares,
the company’s commitment to philanthropy, JAKKS is helping to make a
positive impact on the lives of children. Visit us at www.jakks.com and
follow us on Instagram (@jakkstoys),
Twitter (@jakkstoys)
and Facebook (JAKKS
Pacific).

This press release may contain “forward-looking statements” (within the
meaning of the Private Securities Litigation Reform Act of 1995) that
are based on current expectations, estimates and projections about JAKKS
Pacific's business based partly on assumptions made by its management.
These statements are not guarantees of future performance and involve
risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may differ materially from what
is expressed or forecasted in such statements due to numerous factors,
including, but not limited to, those described above, changes in demand
for JAKKS' products, product mix, the timing of customer orders and
deliveries, the impact of competitive products and pricing, and
difficulties with integrating acquired businesses. The “forward-looking
statements” contained herein speak only as of the date on which they are
made, and JAKKS undertakes no obligation to update any of them to
reflect events or circumstances after the date of this release.